Jes Staley on Trump's comment: The Fed has shown 'right level of caution'

Barclays CEO Jes Staley responded to Donald Trump's comment on CNBC Monday that the stock market will plummet if the Federal Reserve should raise interest rates.

"I think the Fed has shown the right level of caution," Staley told CNBC's "Squawk on the Street" Monday. "They are data dependent. I think what they see in the labor markets and what they see in the underlying economy ... that's what's driving this move up in interest rates."